AUBURN HILLS, Mich. — With its engine timing system sales in India expected to show strong growth in the future, BorgWarner Morse TEC has bought-out its joint venture with Murugappa Group’s Tube Investments of India (TII) located in Chennai, India. In 2001, BorgWarner Morse TEC partnered with TII to manufacture silent chains for the Indian automotive and two-wheeler markets, producing more than 4 million silent chains since then.
BorgWarner said the purchase of the joint venture reflects the company’s commitment to the Indian market as well as its customers in the region, including Hyundai, Mahindra & Mahindra, Maruti Suzuki and Tata.
The company said it will continue to invest in this business, positioning BorgWarner to satisfy further growth in the automotive and two-wheeler segments.